August Jobs Report Shows a Cooling Labor Market, Supporting a Fed Rate Cut
The U.S. economy added 142,000 jobs in August - weaker growth than in previous months - while the unemployment rate remained flat at 4.2%,...
Pending Home Sales Fell to Lowest Level on Record in July
Pending home sales decreased 5.5% in July compared with June and were down 8.5% compared with July 2023, as mortgage rates and home prices...
Case-Shiller: Home Prices Eked Out a 0.2 Percent Increase in June
U.S. home prices continued their upward march in June, rising 0.2% on an adjusted basis compared with July, however the rate of appreciation is...
Home Affordability Improved Slightly in July
Home affordability got a bit better in July - but not enough to improve homebuyer sentiment, according to the latest Real House Price Index...
New Home Sales Increased 10.6 Percent in July
New home sales in July were at a seasonally adjusted annual rate of 739,000, an increase of 10.6% compared with June and up 5.6%...
Existing-Home Sales Increased in July but Remain ‘Sluggish’
After decreasing for four consecutive months, existing-home sales finally turned the corner and grew 1.3% in July compared with June to a seasonally adjusted...
U.S. Home Prices Increased 0.3 Percent in July But Have Turned Negative in Certain...
Home prices increased 0.3% nationally in July compared with June and were up 5.3% compared with July 2023, according to First American’s home price...
Home Prices Post Tiny Month-Over-Month Increase
According to a new report from Redfin, U.S. home prices ticked up 0.2% for the second consecutive month in July - the smallest month-over-month...
Pending Home Sales Fall to Lowest Level Since April 2020
Sales of existing homes rose 0.6% month over month in July but fell 2% year over year to a seasonally adjusted annual rate of...
Might More Buyers Soon Be ‘Restarting Their Hunt’ for a Home?
Competition for homes and price appreciation tapered off faster than normal in July as high housing costs continued to stymie shoppers, according to the...
Applications for New Home Purchases Jump 9 Percent in July After Sinking in June
Applications for mortgages for new home purchases increased 9% in July compared the June and were up 9.4% compared with July 2023, according to...
Housing Starts Slipped in July as Higher Mortgage Rates Continued to Sap Demand
Housing starts slumped 6.8% in July compared with June and were down 16.0% compared with July 2023, according to the U.S. Census Bureau and...
Home Builders Saw Credit Tighten in Q2
Home builders experienced tightening credit in the second quarter, according to the National Association of Home Builders (NAHB).
About 85% of respondents to a survey...
Home Sales Prices Increased in Fewer Markets in Q2
Single-family existing-home sales prices increased in 89% of U.S. metro areas in the second quarter, down from 93% in the first quarter, according to...
Total Value of U.S. Housing Stock Has Reached Record $49.6 Trillion
The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a report...
Data Show Share of Mortgages to Black, Hispanic and Asian Borrowers Increased in 2023
Mortgage lenders - including banks, savings associations, credit unions, and mortgage companies - made progress in terms of boosting the share of loans to...
Zillow Group Names Jeremy Wacksman New CEO
Jeremy Wacksman is the new CEO of Zillow Group.
Wacksman had been serving as chief operating officer.
He has also been appointed to the company's board...
Consumers’ View of the Housing Market Remained Grim in July
Consumer confidence in the housing market decreased slightly in July compared with June but was up 4.7 points compared with July 2023, as per...
Nearly One in Five House Hunters Willing to Trade Safety for Affordability
Nearly one in five house hunters (17.3%) are willing to sacrifice their physical safety to find a home they can afford within the next...
Homeownership Rate Dipped in Q2 as First-Time Homebuyers Sat on Sidelines
The U.S. homeownership rate was 65.6% in the second quarter, flat compared with the first quarter and down slightly compared with the second quarter...